Tax reform in 2015: Abolish the ticket tax which impedes growth and thus create new jobs

New record number of 22.5 million passengers: The year 2014 developed well for Vienna Airport in spite of crisis and strike-related
challenges. Three new long-haul routes, six new airlines and expanded frequencies and destinations drove passenger growth
up by 2.2% to 22.5 million passengers. Following the expected first quarter 2015 decline in the number of passengers Flughafen
Wien AG expects total passenger volume to develop in the range of 0% and +2% in 2015 against the backdrop of a persistently
difficult market environment, accompanied by an increase in its revenue, EBITDA and net profit. Successful traffic year 2014 Attracting new airline customers and flight offerings for the Vienna hub is our clear strategic objective. Together
with our partners, we generated good results in 2014, especially with respect to long-haul routes and new destinations. A
great deal was also achieved in improving service quality. We already implemented more than 120 individual measures, and the
newly designed Pier West represents a new benchmark at Vienna Airport, explains Julian Jäger, Member of the Management
Board of Flughafen Wien AG. However, the crisis situations in Russia and the Ukraine as well as in the Middle East,
along with strike-related flight cancellations and the generally restrained economic climate had perceptible effects on Vienna
Airport. For these reasons we anticipate a drop in passenger volume in the first quarter of 2015 but a slightly positive passenger
development between 0% and +2% for the entire year 2015, he adds.Flughafen Wien calls for abolishment of ticket taxFlughafen Wien AG also felt the consequences of global political and aviation-specific developments. Nevertheless, the
year 2014 was very successful for the airport. We will achieve the designated financial targets for 2014 by consistently pursuing
our strategy to reduce costs and enhance productivity. In spite of cautious passenger forecasts, we anticipate clearly positive
results reflected in a consolidated net profit of at least  85 million and an EBITDA exceeding  250 million in
2015. Net debt should be further reduced to fall below the level of  500 million, states Günther Ofner, Member
of the Management Board of Flughafen Wien AG. The transformation of the airport into an Airport City is continuing.
Now the flight hub is directly accessible via long-distance trains and the new hotel project has entered the planning phase.
In particular, the ticket tax which serves as an impediment to growth should be abolished within the context of the upcoming
tax reform. This would quickly create about 3,000 additional jobs, without the government losing any tax revenues on balance,
Ofner concludes.

2014: About 22.5 million passengers at Vienna Airport (+2.2%)2014 was once again a successful traffic year for Vienna Airport following the slight decline in total passenger volume in
2013. Vienna Airport reported 22,483,158 passengers in the year 2014, a rise of 2.2% from the previous year. In particular,
passenger development was positively impacted by the new long-haul routes, new flight connections and expanded frequencies
of the airlines. In contrast, the crisis situations in Russia, the Ukraine and the Middle East as well as the unfavorable
exchange rate fluctuations and strike-related flight cancellations in Europe negatively affected airport operations. In terms
of traffic development, local flight traffic was the growth driver, rising by 4.6%, whereas the number of transfer passengers
fell by 3.9%. The number of flight movements (starts and landings) stagnated slightly at minus 0.2%, whereas capacity utilization
of the aircraft (seat load factor) was up by 0.2 percentage points to 75.0%. Cargo volume (air cargo and trucking) developed
very well, rising by 8.3% to 277,532 tonnes.Strong increase in air traffic to North America, growth to Western European destinations Passenger traffic to North America showed a strong growth of 27.8% in a year-on-year comparison, which is mainly due to Austrian
Airlines addition of Newark as a flight destination and the increase in the number of its flights to Chicago. Traffic
to Western Europe also developed well, with the total number of passengers up 3.0%. Vienna Airport also showed an increase
of 3.1% in passenger traffic to the Middle East. However, the crisis situation in Russia and the Ukraine negatively impacted
traffic to Eastern Europe, which was down by 6.5%.Top destinations in 2014: Western Europe - Frankfurt, Eastern Europe - Moscow, Long-haul routes  BangkokThe highest number of passengers flying from Vienna Airport to Western European destinations was registered by Frankfurt with
680,895 passengers, followed by Zurich with 476,290 and London with 461,630. Moscow was the most popular destination in Eastern
Europe, attracting 329,513 passengers, ahead of Bucharest with 201,929 and Sofia with 162,265. Dubai was the top destination
in the Middle East with 232,128 passengers, followed by Tel Aviv with 157,155 and Doha with 48,069 travelers. Bangkok was
the most popular long-haul route, registering 115,726 passengers from Vienna, followed by New York with 86,284 and Tokyo with
73,715.Austrian Airlines Group accounts for the largest share of passengersA ranking of the airlines by the number of passengers flying to/from Vienna Airport shows the Austrian Airlines Group in the
number one spot, with 47.7% of passenger volume, followed by NIKI with 11.0%, airberlin with 6.2% and Lufthansa with a 4.8%
share. The top ten airlines at Vienna Airport also include germanwings with 3.2% of total passenger volume, Turkish Airlines
with a 2.2% share, British Airways with 1.8%, SWISS with 1.7%, Emirates with 1.6% and KLM with 1.4% of all passengers. In
this ranking, Vueling, TAP Portugal and Alitalia were the airlines recording the strongest growth in the number of passengers
carried. The average seat occupancy rose from 74.8% in 2013 to 75.0% in 2014. Vienna Airport was regularly served by 70 airlines
in 2014, travelling to a total of 172 destinations in 71 countries.Strong growth in air cargo: cargo volume up 8.3% The cargo business at Vienna Airport developed well in 2014. Total cargo volume (incl. trucking) climbed by 8.3% to 277,532
tonnes. Air cargo increased by 10.6% to 197,761 tonnes, whereas trucking was up 3.1% to 79,771 tonnes.Predicted passenger development, financial guidance for 2015Following the expected decline in the number of passengers in the first quarter of 2015, Flughafen Wien AG anticipates a slightly
positive passenger development in the range of 0% to +2% for 2015 as a whole. The development of flight movements will also
rise marginally between 0% and +1% range. From todays perspective, impetus to growth will be provided by the launch
of flight services to Mauritius (MU) and frequency increases to Newark (US) and Athens (GR) by Austrian Airlines, new destinations
added by NIKI, namely Catania (IT), Alicante (ES), Athens (GR), Paphos (CY) as well as an increase in the number of flights
it operates to Zurich (CH), as well as new routes and expanded flight service on the part of EasyJet, Vueling, TUIFly, Estonian
Air, Aegean, SunExpress, Pegasus Airlines, Montenegro Airlines and Air Moldova.

Against this backdrop, the Management Board of Flughafen Wien is fundamentally optimistic with respect to its business outlook
for the year 2015. It aims to generate increased revenue of more than  645 million, and raise EBITDA to more than 
250 million. From todays point of view, the consolidated net profit after tax should reach a level of at least 
85 million. Net debt should be further reduced to fall below  500 million. Investments are expected to amount to about
 95 million in 2015.For additional information contact:Flughafen Wien AG Press OfficePeter Kleemann (+43-1-)7007-23000, p.kleemann@viennaairport.comClemens Schleinzer (+43-1-) 7007-22399, c.schleinzer@viennaairport.comStefanie Tomanek (+43-1-) 7007-26939, s.tomanek@viennaairport.comwww.viennaairport.com

Traffic development in 2014

2014:

in % vs. 2013

Passengers (total)

22,483,158

+ 2.2%

Thereof

Local passengers

15,873,386

+ 4.6%

Transfer passengers

6,531,198

- 3.9%

Flight movements

230,781

- 0.2%

MTOW in tonnes

8,179,391

+ 3.4%

Air cargo and trucking in tonnes

277,532

+ 8.3%

Air cargo in tonnes

197,761

+ 10.6%

Trucking in tonnes

79,771

+ 3.1%

Regions

Passengers*

in % vs. 2013

Europe

9,786,991

+ 0.9%

Thereof

Eastern Europe

2,025,666

- 6.5%

Western Europe

7,761,325

+ 3.0%

Schengen

7,005,223

+ 2.6%

EU

7,369,070

+ 3.0%

Far East

408,707

+ 12.5%

Middle East

538,923

+ 3.1%

North America

298,630

+ 27.8%

Africa

167,341

+ 6.4%

South America

12,024

+ 9.5%

Top destinations per region

Passengers*

in % vs. 2013

Eastern Europe

Moscow

329,513

- 10.9%

Western Europe

Frankfurt

680,895

+ 3.3%

Middle East

Dubai

232,128

+ 4.2%

Long-haul

Bangkok

115,726

+ 1.6%

Traffic forecast for 2015

Passenger development

0% to + 2%

Flight movements

0% to + 1%

Financial guidance for 2015

Revenue

>  645 million

EBITDA

>  250 million

Consolidated net profit

≥  85 million

Net debt

≤  500 million

CAPEX

~  95 million

*Departing passengers

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